ITX - 32 Flashcards
Which branch passes laws?
Legislative branch (Congress)
The three branches of government
Legislative, executive, judicial branch
Which branch enforces the laws?
Executive branch (President and governmental agencies)
Which branch interprets the laws?
Judicial branch (Federal courts)
The primary sources of the tax law are?
The Internal Revenue Code Treasury regulations Revenue rulings Private letter rulings Court decisions Congressional committee reports
___passes tax legislation, the___enforces it, and the___interpret the law.
Congress
Treasury department (IRS)
Tax court and other judges
The treasury department enforces tax laws passed by Congress by issuing?
Treasury regulations Revenue rulings Revenue procedures Technical advice memorandums Private letter rulings
In taxes, which document has the highest authority?
Treasury regulations
In taxes, which did not have the force of regulations, but they can be relied on to show how the IRS will treat specific situations.
Revenue rulings and technical advice memorandums
In taxes, it is usually issued as a result of numerous questions about a specific tax issue.
Revenue rulings
In taxes, it may be written when a controversy is appealed to the national office by either an IRS agent or a taxpayer.
Technical advice memorandums
In taxes, it may be requested on behalf of of a taxpayer who presents a specific set of facts. It is applicable only to the taxpayer who requested it.
Private letter rulings
Some secondary sources for tax research include?
Research Institute of America
Commerce Clearing House
Bureau of national affairs
